Answer:
The sales price of the appraised property is $26,400
Explanation:
The sales price of of the appraised property can be expressed as;
SA=(A/C)×SC
where;
SA=selling price of the appraised property
A=appraised rent per month
C=comparable rent per month
SC=selling price of the comparable property
In our case;
SA=unknown
A=$165 per month
C=$150 per month
SC=$24,000
replacing;
SA=(165/150)×24,000=$26,400
The sales price of the appraised property is $26,400
The closing entry for dividends involves a debit to <u>A. Retained Earnings</u> and a credit to <u>Dividends</u>.
<h3>What is a closing entry?</h3>
A closing entry is the journal entry at the end of the accounting period so that temporary ledger accounts (mainly income statement items) are moved to permanent accounts (balance sheet items).
<h3>Answer Options:</h3>
A. Retained Earnings; Dividends
B. Dividends; Retained Earnings
C. Dividends; Dividends Payable
D. Dividends Payable; Dividends
Thus, the closing entry for dividends is a debit to Retained Earnings, which is a permanent account, and a credit to Dividends (a temporary account).
Learn more about closing entries at brainly.com/question/13408214
<u>Answer:</u> The correct answer is Option b.
<u>Explanation:</u>
Photosynthesis reaction is defined as the process in which plants make their own food with the help of carbon dioxide and water in the presence of sunlight. The energy is captured in the form of ATP during this process.
For the given options:
- <u>Option a:</u> Elimination
Elimination reactions are defined as the reactions in which a kind of atoms or groups of atoms leave the molecule. This process is not seen in photosynthesis reaction.
- <u>Option b:</u> Cellular respiration
Chemical energy stored in food is the source of the energy that is required to regenerate ATP. The process in which energy is released from food by a series of enzyme-controlled reactions is called cellular respiration.
- <u>Option c:</u> Absorption
Absorption is defined as the process which involves a reaction between the substance being absorbed and the absorbing medium.
- <u>Option d:</u> Digestion
Digestion is defined as the process by which complex food molecules are broken down into simple molecules that can be absorbed by the body for nutrition.
- <u>Option e:</u> Transpiration
Transpiration is defined as the process where plants absorb water through their roots and then give off water vapor through the pores from their leaves.
From the above information, the correct answer is Option b.
Answer:
b) 1,250,000
Explanation:
1,000,000+ 250,000 = 1,250,000
Answer: quantity demanded for the good will increase (D)
Explanation:
Monopolistic competition is an imperfect competition where there are many producers that sell products that are differentiated from each another e.g through quality or branding.
In a monopolistic competitive market, firms maximizes profits when marginal revenue equals to the marginal cost. The demand curve of a monopolistic competitive market is downward sloping which means that as price reduces, the quantity demanded for the good will increase.
